Big Take Podcast

The Impact of President Trump's Trade War May Be Worse Than You Think

On today’s Big Take podcast: Breaking down the global economic impact of Trump’s tariffs, as the end of his Aug. 1 extension approaches.

The Volkswagen factory in Dresden, Germany.

Photographer: Krisztian Bocsi/Bloomberg

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For months, the impact of President Trump’s aggressive trade policy has largely felt theoretical. But with an Aug. 1 tariff extension on the horizon and a consequential week ahead for the president’s broader economic agenda, the cracks are beginning to show.